I recently saw this new although not really a good news but still a step towards blockchain you can say. I don't how will it work but somehow they will use Blockchain for KYC ab ye blockchain public hogi ya private ye nahi cofirm.
Aur inhon ne jss company se contract kia hia wo hai Avanza Group if you are from Karachi you might have known this company. Ye basically banking software se related hai but as per them using this blockchain based KYC banks will be able to share details. Which is good sing on its onw but practically kahan tak feasible hoga ye tu wakat he batae ga. Wese bhi Pakistani jinho ne money laundering karni hoti hia wo bank use kahan karte hian wo tu use karin ge Ayyan Ali jesi handlers
Aur inhon ne jss company se contract kia hia wo hai Avanza Group if you are from Karachi you might have known this company. Ye basically banking software se related hai but as per them using this blockchain based KYC banks will be able to share details. Which is good sing on its onw but practically kahan tak feasible hoga ye tu wakat he batae ga. Wese bhi Pakistani jinho ne money laundering karni hoti hia wo bank use kahan karte hian wo tu use karin ge Ayyan Ali jesi handlers
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Pakistan Banks Association (PBA) Announces Blockchain Use for KYC
The State Bank of Pakistan (SBP) is developing an electronic KYC system.
PBA Chairman and Avanza Innovations CEO were present at Thursdays signing event.
The Pakistan Banks Association (PBA) and Avanza Group have inked a contract for the creation of a blockchain-based KYC platform. The latter group brings together firms that provide cutting-edge banking software, CEM tools, blockchain, and AI.
PBA Chairman Muhammad Aurangzeb and Avanza Innovations CEO Waqas Mirza were among those present at Thursdays signing event, which took place at the industry groups headquarters in Karachi.
According to a news release, the State Bank of Pakistan (SBP) is developing an electronic KYC system as part of its continuing efforts to improve Pakistans anti-money laundering (AML) and counter-terrorist financing (CTF) control infrastructure.
https://www.binance.com/en/feed/post/275612The State Bank of Pakistan (SBP) is developing an electronic KYC system.
PBA Chairman and Avanza Innovations CEO were present at Thursdays signing event.
The Pakistan Banks Association (PBA) and Avanza Group have inked a contract for the creation of a blockchain-based KYC platform. The latter group brings together firms that provide cutting-edge banking software, CEM tools, blockchain, and AI.
PBA Chairman Muhammad Aurangzeb and Avanza Innovations CEO Waqas Mirza were among those present at Thursdays signing event, which took place at the industry groups headquarters in Karachi.
According to a news release, the State Bank of Pakistan (SBP) is developing an electronic KYC system as part of its continuing efforts to improve Pakistans anti-money laundering (AML) and counter-terrorist financing (CTF) control infrastructure.